He was asked by TV journalist Maria Bartiromo what he thought of the IPO filing for the cloud-based data storage company. Its plans to raise $250 million, revealed Monday, raised eyebrows because the company\’s losses have been climbing — and there\’s no end in sight.

“I won’t get into the valuation,” Hurd, who was chief executive of Hewlett-Packard before moving to Oracle, told Fox Business Network\’s Bartiromo. “I love hearing that report about the profit and loss statement and the amount of losses and the valuation that brings.” He then chuckled.

“I don’t mean to laugh about it,” he continued. “I do think it is the investor trying to prognosticate where the future of the technology industry is headed and then trying to make bets based on those prognostications.”

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